News Articles for Perenti

Energy giant Woodside Petroleum has bolstered its board with the appointment of a former Shell executive, while Dacian Gold has welcomed a prominent lawyer to its board.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

A joint venture between mining services companies Ausdrill and Barminco has been named the preferred contractor for work at AngloGold Ashanti's Geita gold mine in Tanzania, with the deal worth about $US70 million ($A99.5 million).

Western Australia's highest paid mining contractor is set to lose that title, after NRW Holdings joined most of its peers in cutting the salary of its chief executive by 40 per cent.

Mining services company Ausdrill has announced plans to sell its underperforming DT HiLoad truck tray manufacturing business, and is in discussions with several interested parties.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

Subsidiaries of listed companies Ausdrill and RCR Tomlinson have been ordered to pay more than $450,000 in fines and court costs over two workplace deaths five years ago.

Ian Cochrane has been appointed as a non-executive director and deputy chairman of Ausdrill. Mr Cochrane holds degrees in Commerce and Law and specialises in Mergers and Acquisitions.

Former corporate lawyer Ian Cochrane has joined the board of Ausdrill as deputy chairman, adding to a suite of board positions on the private companies of some of Perth's wealthiest families.

NRW Holdings chairman Ian Burston has announced plans to step down, while also announcing a remuneration review that will include chief executive Julian Pemberton, whose annual pay is substantially higher than his peers.

Mining services company Ausdrill has been named the preferred contractor for a $US300 million ($A415 million) contract at Kefi Minerals' Tulu Kapi gold project in Ethiopia.

José Martins has resigned as the chief financial officer of Ausdrill. Mr Martins has been serving the company since the last five years.

Jose Martins has resigned from his position as chief financial officer at Ausdrill to take on the same role at Macmahon Holdings.

Shipbuilder Austal has shone in the quarterly rebalance of the S&P/ASX indices, while many local miners and contractors have lost their status.

The last day of the profit reporting season delivered a few surprises for Western Australia-based mining services companies, with NRW Holdings incurring a bigger-than-expected loss, VDM Group shrinking at a rapid rate, Swick Mining Services showing some promise, and Resource Development Group staying in the black.

Local mining services companies Ausdrill, Emeco Holdings and Lycopodium have posted net losses for the financial year, with lower activity in the resources sector weighing on their pipelines of available work.

Former VDM Group boss Andrew Broad has returned to his former employer, mining services business Ausdrill, and will become its chief operating officer of Australian operations.

Returns to Western Australia mining, engineering and technical services players operating offshore have been blunted by the falling commodities prices and sovereign risk.

Cost cutting can only take a business so far, and with tough times set to continue for mining services contractors, innovation and diversification have a big role to play. Click through to see more on our Mining Services feature.

Mining contractor Barminco has posted a small increase in underlying earnings in the March quarter, as cost reductions and efficiency measures offset a dip in quarterly revenue to $123.9 million.

A subsidiary of mining services business Ausdrill has received a contract offer from global miner Peabody Energy to supply equipment to its Australian coal assets.

Subiaco-based gold company Perseus Mining says it will proceed with plans to develop its Sissingue mine in West Africa, following promising results in a revised feasibility study.

Investors haven't responded well to news that former Maca chief executive Doug Grewar has taken the helm of local mining services firm Viento Group with immediate effect.

Board changes

Perth-based mining services group Ausdrill has become a substantial shareholder in Titan Energy Services after subscribing for nearly $1 million worth of shares in the Brisbane firm's capital raising last week.

A subsidiary of mining services group Ausdrill has won its first international contract, which will be to supply drilling services at a tenement in Papua New Guinea held by Heritage Oil for an undisclosed sum.

Ausdrill non-executive director Wal King has resigned from his role just three years after joining the company.

Ausdrill subsidiary Energy Drilling Australia has secured a contract extension of undisclosed value with Strike Energy for a three-month drill campaign in the Cooper Basin.

Ausdrill announced today that the proceedings in the Supreme Court against its chief executive officer Ron Sayers have been discontinued.

Mining contractor Barminco has been affected by a weaker resources sector but has cut costs to grow its margin on a weaker revenue base.

Azumah Resources has secured $1.2 million in funding for its Wa gold project in Ghana through a placement to existing shareholder, Caitlyn Limited.

Perth mining contractor Barminco has won an extension to its contract with miner Western Areas to carry out $190 million of underground mining development and production activities at its Spotted Quoll and Flying Fox nickel mines.

Mining services company Ausdrill may be $8 million out-of-pocket after Western Desert Resources announced it had fallen into the hands of administrators on Friday.

Ausdrill managing director Ron Sayers has been discharged from the Supreme Court today after the jury failed to reach a unanimous verdict on tax evasion charges against himself and former Barminco boss Peter Bartlett – for the second time.

Mining services company Ausdrill has suffered a 148.5 per cent fall in full-year profit to make a loss of $43.9 million, on the back of $77.9 million in write-downs and impairment charges as a result of the diminished outlook for mining services.

Perth-based mining services firm Ausdrill announced today that its subsidiary Energy Drilling Australia would be mobilising its new $20 million high-tech rig, the Schramm T500XD Telemast.

The Deflector copper-gold mine in the Mid West will be simplified and optimised, after an internal review conducted by owner Mutiny Gold.

Shares in Ausdrill and Nido Petroleum have entered a trading halt and suspension respectively; with Ausdrill stating it will announce an impairment charge.

Welshpool-based contractor MACA has launched a $90 million contract with Karara Mining over its Hinge direct shipping ore project in the Midwest region of Western Australia.

Business News' annual mining services review highlights the large and diverse number of companies exporting their skills and expertise.